Steady rise in labour costs
September 25th, 2008
Because of the demand for a balance between the protection of workers and labour market flexibility, the State Council issued the implementation regulation for the Labour Contract Law.
By issuing the regulation, it was made clearly that labour contracts with no fixed termination dates do not amount to unbreakable “iron rice bowls” that may severely hurt enterprises’ vitality.
Chinese employers will not slow their pace of rising labour costs although they are breathing a sigh of relief.
The new Labor Contract Law, which came into effect on Jan 1, was hailed as a landmark step in protecting employees’ rights. Among a number of stipulations to emphasize workers’ welfare, one clause entitles Read more…
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One of the most important advantages of BPO is the way in which it helps to increase a company’s flexibility. However, several sources have different ways in which they perceive organizational flexibility. Therefore business process outsourcing enhances the flexibility of an organization in different ways.